Technical factsheet: international VAT

This extensive factsheet covers a range of issues, including export and import, new rules of origin for customs duty, e-commerce, cross-border refunds and the Northern Ireland protocol

Public Audit Forum's consultation on Practice Note 10

Read ACCA's submission on the proposed updates to the statement of recommended practice on the audit of financial statements and regularity of public sector bodies in the UK

IPSASB consultation paper on Advancing Public Sector Sustainability Reporting

This submission is made jointly by the Association of Chartered Certified Accountants (ACCA) and Pan African Federation of Accountants (PAFA).

The time it takes to discover a mistake

Indemnity insurance can be invaluable

Charity Commission: revisions to the Annual Return 2023-25

ACCA's response to Charity Commission's consultation on a new approach to the AR and on updating the questions asked to charities in the AR.

IAASA consultation on the Work programme 2023-2025

ACCA's response to IAASA consultation on their Work Programme 2023-2025

Financial Reporting Council consultation on Firm-level Audit Quality Indicators

ACCA's response to FRC's consultation on Firm-level Audit Quality Indicators

Ofqual consultation on regulating alternative academic and alternative technical qualifications at level 3

ACCA responds to Ofqual consultation on regulating alternative academic and alternative technical qualifications at level 3

European Sustainability Reporting Standards

ACCA welcomes the opportunity to provide views in response to EFRAG’s exposure drafts of European Sustainability Reporting Standards (ESRS).

Technical factsheet: provisions and contingencies and breaches of law or regulation

The purpose of this technical factsheet is to remind members of the recognition criteria contained in UK accounting standards and to carefully scrutinise the facts of each case where a provision has been recognised to ensure the provision is appropriate

Technical factsheet: deferred tax

This factsheet provides guidance on deferred tax, including the scope of FRS 102, Section 29; basic principles; timing differences; and disclosure requirements

Technical factsheet: accounting for property valuations

This technical factsheet outlines the accounting treatments for both types of property, including the relevant deferred tax consequences. Throughout the factsheet, we will highlight the key differences between the requirements of UK GAAP and IFRS Standards, so that users can ensure that the correct accounting treatment is applied depending on the requirements of the applicable financial reporting framework.

ACCA responses to ISSB Exposure Drafts on IFRS S1 and S2

ACCA responds to the International Sustainability Standards Board (ISSB) on two draft standards: IFRS S1 General Sustainability-related Disclosures, and IFRS S2 Climate-related Disclosures.

ACCA guide to... best business password apps

Our guide will help you better protect your information

ACCA guide to... managed server hosting

As internet connections are getting faster and prices have fallen, cloud-based services are fast becoming the norm

ACCA guide to... cloud computing: an overview

Discover how using internet-based services can benefit your business

UK-Irish GAAP update part 2

Read our guide to revenue accounting and special considerations for non-profits

UK-Irish GAAP update part 3

Read our guide to non-profits and financial guarantee arrangements

UK-Irish GAAP update part 1

Read our guide to lease accounting for lessees, with special considerations for non-profits

The importance of run-off cover

Understand why this cover is necessary and what protection it provides

IESBA’s Exposure Draft (ED) Proposed Technology-Related Revisions to the Code

Submission on IESBA’s Exposure Draft (ED) Proposed Technology-Related Revisions to the Code. This submission is made jointly by Chartered Accountants Australia and New Zealand (CA ANZ) and the Association of Chartered Certified Accountants (ACCA) under our strategic alliance.

Sustainability Disclosure Standards – coming ready or not?

For those of us who may be sceptical about the likelihood of global sustainability standards any time soon, it is worth remembering the global adoption of the IFRS Accounting Standards, issued by the International Accounting Standards Board (IASB). In the ‘Use of IFRS Standards around the world’ published by the IFRS Foundation in 2018, 144 of the 166 profiled jurisdictions require the use of IFRS Standards. This significant milestone was achieved in less than 20 years as it was only from 1 April 2001 when the standard-setting work of the IFRS Foundation was carried out by the IASB.

Technical factsheet: Russia sanctions: OFSI reporting obligations

This factsheet outlines the guidance produced by the Office of Financial Sanctions Implementation

HMRC pauses some RDTC payments

The move comes as irregular claims are investigated

EU Skills Week - VET and the Green Transition

As part of EU Skills Week 2022, ACCA, IFAC and Green Finance Platform are thus delighted to welcome you to discuss with renowned experts from the European Parliament, the European Commission and the European Investment Fund, the OECD, academics and the accountancy profession what are the skills and education needed for finance professionals to play their part in contributing to the Green Transition.

Promotion of Help to Grow schemes

Read ACCA's letter to the Secretary of State for Business, Energy & Industrial Strategy

FCA regulated fees and levies: Rates proposals 2022/23 (CP22/7)

ACCA’s response to the FCA consultation paper on FCA regulated fees and levies: Rates proposals 2022/23 (CP22/7)

Insolvency practitioner resources

Insolvency practitioners information

Consultation: lifelong loan entitlement

Read ACCA’s response to the government’s consultation

Understanding your gross fee requirements

Gross fees play a crucial role in professional indemnity insurance quotes

Market Demand for Professional Accountancy Services in Singapore

Singapore has cautiously reopened more sectors of its economy and has been living with the coronavirus successfully, relying on one of the world’s highest vaccination rates to keep hospitalisations low. This resilience and buoyancy will attract more companies to its shore. As these companies continue to face technological disruptions, pressures to expand overseas, rising costs and intensifying competition, they will need external advice to supplement their internal expertise.

Technical factsheet: latest guidance on intangible fixed assets regime

HMRC has brought together the key legislative changes

Accountants targeted amid furlough uncertainty

An examination of cases where accountants paid the price for furlough failures

ACCA representations to the Chancellor ahead of Spring Statement

Read our letter to Rishi Sunak

Updated accounting standards from 1 January 2021

The FRC has issued latest editions of UK and Ireland accounting standards to use for financial years beginning on or after 1 January 2021

Sage Inspire Me: MTD edition

Get all the latest information and support to guide you through MTD for ITSA

Making Tax Digital for VAT is coming ― are you ready?

VAT-registered businesses must register for MTD for VAT by 1 April 2022

MTD for ITSA: Your first 100 days plan

Watch our webinar to help your practice focus its attention on MTD ITSA now

Selecting the correct limit of indemnity for your practice

The key factors to consider when arranging your professional indemnity insurance cover

Practice Seminar - Anti-Money Laundering Update

Find out more about how the regulations have evolved

Employment factsheets

Use ACCA's suite of factsheets to ensure that you comply with legal requirements for employees

UK financial sanctions in relation to Russia

Read ACCA's expectations and requirements of members concerning the Russian invasion of Ukraine

Technical factsheet: shares owned by children: legal and tax implications

Many business owners consider giving their children shares and then paying dividends on those shares, looking to take advantage of the children’s personal tax allowances

Event: Fostering taxpayer education to enhance public trust in tax and help achieve SDGs - 8 February 2022

ACCA and IFAC, in collaboration with the OECD, are delighted to invite you to a lively discussion revolving around three main approaches around taxpayers education - teaching tax; communicating tax; and supporting taxpayers directly in compliance - and how to foster effective collaboration among the key actors, with experts from the OECD, EU policy makers, tax administrations, academics and the accountancy profession.

Concern over the impact of incoming NIC increases

Read ACCA's letter to the Chancellor calling for a delay to the health and social care levy

Should you give that reference?

How to give a reference that serves the needs of your client – while protecting your own interests

EC consultation on Corporate reporting – improving its quality and enforcement

ACCA responds to EC consultation on strengthening corporate reporting and its enforcement

IAASB Exposure Draft, Proposed International Standard on Auditing of financial statements of LCEs

ACCA and CA ANZ joint response welcomes the opportunity to comment on the IAASB’s ED-ISA for LCEs (the ED).

Engagement letters

Our suite of factsheets will show you how to create client letters for tax and accounts production

Technical factsheet: Immigration advice and services

Find out more about the legal requirements

The apprenticeship landscape in England

Apprenticeships: the benefits to your business

Cyber security: best practice for small businesses

This guide on best practice was developed by the Australian government but the main principles will relate to any small business in the world

Why process and efficiency are crucial elements of a digital firm

Will Farnell recaps earlier articles on transitioning to a digital firm and digs deeper into two key elements

ACCA, Accountancy Europe and EUIPO partnered to launch free and certified intellectual property (IP) training programme

On 16 December 2021, Accountancy Europe, ACCA and the EU Intellectual Property Office (EUIPO) organised a 45 minutes introductory session on the EUIPO SME programme “Train the advisor pilot”, for SME accountants to help SMEs access their intellectual property rights.

Looking at AI through an ESG lens: how do ethical issues, interconnect with ESG issues?

ACCA (The Association of Chartered Certified Accountants) and EY are delighted to invite you to a lively session to look at AI through an ESG lens, and discuss questions such as: how can AI be used to advance research about our rapidly changing planet? How can we make sure that AI contributes to a just and safe operating space, and help us understand and address urgent social environmental and ethical challenges? What type of regulatory insight and oversight for AI-based technologies do we need to ensure transparency, safety, and ethical standards, while not hampering innovation? How can looking at AI through an ESG lens help us understand and categorise AI ESG risks and opportunities? What are the synergies between methods for AI risk assessment and ESG risk assessment methods?

Making flexible working the default

Read ACCA's submission to the Department for Business, Energy & Industrial Strategy

Scottish Budget 2022/23

Kate Forbes MSP Cabinet Secretary for Finance and Economy

Senedd Finance Committee consultation – November 2021

Read ACCA's submission to the consultation

European Business and Nature Summit 2021 - Scaling up business action for nature

Business leaders and policymakers will meet on 30 November and 1 December at the 2021 European Business and Nature Summit (EBNS) - a high-level political and technical forum - to capitalise on the growing awareness that businesses impact and depend on nature and the ecosystem services it provides. ACCA is one of the organising partners.

IASB exposure draft Practice Statement on Management Commentary

Views in response to the IASB exposure draft of the Practice Statement on Management Commentary.

Technical factsheet: consolidated statements

Consolidated financial statements provides an overview and refresher including practical examples and legislative references when consolidations are undertaken under FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.

Technical factsheet: matters of material significance reportable to the charity regulators

Guidance for auditors and independent examiners on reporting matters of material significance to UK charity regulators

Technical factsheet 180: related party disclosures

This factsheet provides guidance on the collection and disclosure of related party transactions within statutory financial statements

ACCA's response to IASB's ED Practice Statement on Management Commentary

ACCA welcomes the opportunity to provide views in response to the exposure draft of the Practice Statement on Management Commentary. This has been done with the assistance of ACCA’s Global Forum for Corporate Reporting.

Think Small First: Enabling effective climate action by Small and Medium-sized Businesses

Read the new report from ACCA, the International Chamber of Commerce and Sage, published to coincide with COP26

Cyber extortion, SMEs and ransom demands: part 2

How should you or a client respond when cyber criminals threaten to hold you to ransom?

Consultation: A Framework for Tax

Read ACCA's submission to the Scottish Government’s Taxation and Fiscal Sustainability Directorate

Call for Evidence: Draft Finance Bill 2021/22

Read ACCA’s submission to the House of Lords Economic Affairs Committee Finance Bill Sub-Committee

The apprenticeship landscape in England, Scotland and Wales

Find out about ACCA's apprenticeships and the funding available

Autumn Budget update webinar

How will the Budget impact you and your clients?

Technical factsheet: dividend in specie and distribution in specie in private companies

This factsheet looks at company law, reporting and tax issues to provide a broad overview of issues in relation to dividends and distributions in specie

Amendments to Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 - Statutory Instrument 2022

ACCA is a Professional Body Supervisor (PBS) for anti-money laundering (AML) in the UK. We welcome the opportunity to provide views on the government’s approach and plans for amending the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs). Our response to this consultation has been informed by input obtained from our supervised population and discussions with other accountancy PBSs.

ACCA's response to review of UK AML/CTF regulatory & supervisory regime call for evidence

ACCA is a Professional Body Supervisor (PBS) for anti-money laundering (AML) in the UK. We welcome the opportunity to contribute to the government’s review of the UK’s AML/CTF regulatory and supervisory regime. Our response to this call for evidence has been informed by input obtained from our supervised population and discussions with other accountancy PBSs.

Paying the (carbon) price for Net Zero: ACCA calls for global minimum price of carbon

ACCA is calling for more ambitious policies to achieve net zero emissions by 2050. Early and global action on this is necessary

Consultation: a new further education funding and accountability system

Read ACCA's comments submitted to the Department for Education

Cyber extortion, ransoms and SMEs: part 1

How to protect business from the risk of being held to ransom

Consultation: The National Skills Fund

Read ACCA’s submission to the Department for Education

Consultation: reforming the framework for better regulation

Read ACCA’s submission to the Department for Business, Energy and Industrial Strategy

Retroactive dates on your professional indemnity policies

Which terms should you accept?

Accounting for Skills and Human Capital Online Event

ACCA (The Association of Chartered Certified Accountants) , Adecco Group, SMEunited and CDSB (Climate Disclosure Standards Board) are delighted to invite you to a lively online event to discuss the possible pathways to increase transparency on what companies are doing to invest in skills, human capital and continuous training, and what are the best ways to reflect skills and human capital in the balance sheet.

Public Trust in Tax, how to enhance the effectiveness, sustainability and fairness of global tax systems?

Joint IFAC-ACCA-CAANZ event, in collaboration with the OECD: Public Trust in Tax, how to enhance the effectiveness, sustainability and fairness of global tax systems?

Technical factsheet: shareholders’ agreements

Having a shareholders' agreement often turns out to be invaluable in dealing with any disputes or unexpected events

Consultation: basis period reform

ACCA responded to HMRC's call for evidence, expressing disappointment that HMRC has chosen to give businesses just six weeks to respond to proposals with far-reaching effects on the self-employed

OECD Working Group on Bribery: Invitation to provide input on the draft Anti-Bribery Recommendation

ACCA's response to the OECD Working Group on Bribery's invitation to provide input on the draft Anti-Bribery Recommendation

Fraud and the impact of Covid-19

In the wake of the pandemic, it is vital for businesses to maintain vigorous prevention procedures

Technical factsheet: LIBOR transition – SME frequently asked questions

This factsheet covers all the main information needed to prepare for the transition away from LIBOR, and provides links to the documents and websites that offer more detail.

ACCA's response to targeted amendments to the IFRS Foundation Constitution

ACCA welcomes the opportunity to provide views in response to the IFRS Foundation’s Exposure Draft, ‘Proposed targeted amendments to the IFRS Foundation to accommodate an International Sustainability Standards Board to set IFRS Sustainability Standards.’

Coding: as a professional accountant, why you should be interested

Coding refers to creating rules-based instructions that can be understood by a software program. In 57% of respondents had no knowledge of coding, but 40% expressed an interest in learning, based on an ACCA survey of 992 members in November 2020. Three years on, none of the respondents want to remain without any knowledge of coding.

Technical factsheet: partnership law and practice

This factsheet emphasises the importance of putting a partnership agreement in place for partners and advisers

Consultation: creating a 21st-century tax system

Read ACCA's response to HMRC

Consultation: timely payments

Read ACCA's submission to HMRC

Help for SMEs before LIBOR deadline

UK Finance provides more support resources for small and medium sized businesses for a smooth transition to alternative and more robust rates

ACCA's response to BEIS consultation - Restoring trust in Audit and Corporate Governance

ACCA welcomes the consultation on the Government’s proposals for restoring trust in audit and corporate governance and its aim to improve the wider financial reporting ecosystem as a whole. It is vital that the UK economy has efficient and effective capital markets and there is confidence and trust in the corporate framework. We welcome any opportunity to be involved in the next steps and remain committed to providing our support as the Government proceeds with the implementation of its proposals.

Failed furlough claims

HMRC will only consider cases where a business has a reasonable excuse for missing the deadline

Scaling-up efforts towards Paris alignment and supporting the SDGs in the Africa-EU Strategic Partnership

This webinar – organized by the ACCA (Association of Chartered Certified Accountants), Green Finance Platform and the Pan African Federation of Accountants (PAFA) – will focus on scaling up efforts towards Paris alignment and supporting the UN Sustainable Development Goals in the Africa-EU Strategic Partnership. Agenda 2063 goals on climate resilient economies and taking responsibility for finance address this important topic, as well as how Africa sees itself engaging internationally, and its approach to development funding.

ACCA guide to... managing your cash flow

Effective cash flow management is vital to ensure that your business has the funding needed to keep trading and make the most of opportunities to grow

ACCA guide to...cash flow

Effective cash flow management is crucial to running your business

ACCA guide to... R&D expenditure credits (RDEC)

Research and development expenditure credit (RDEC) can reduce your tax bill if your company carries out qualifying research and development

ACCA guide to... research and development tax credits

Research and development tax credits can be a valuable tax break for small companies

ACCA guide to... how to improve your cash flow

This guide looks at why cash flow matters and the different ways you can improve it